IDEX Token Soars 47.83% on Binance Amid Breakout, Short Squeeze, and $35M Trading Surge

IDEXUSDT experienced a significant price increase of 47.83% over the past 24 hours, rising from 0.01727 to 0.02553 on Binance. This surge is primarily attributed to heightened trading activity and bullish sentiment following technical analysis reports highlighting a strong breakout and potential short squeeze, as well as increased market attention after Binance applied a monitoring label to IDEX on July 7, 2025. The 24-hour trading volume has also spiked, with Binance Spot alone reporting volumes over 14.25 million USDT and total market volumes exceeding $35 million, reflecting substantial volatility and renewed trader interest. The current market capitalization is estimated between $16.23 million and $20.19 million, with a circulating supply of approximately 960 million IDEX tokens.